AUDUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast - 20th to 24th Feb 2017

AUDUSD Weekly Forex Forecast – 20th to 24th Feb 2017

The AUDUSD technical pattern has moved from consolidation into a very tight range zone. But small ranges are always followed by price expansion and the tighter the range the more aggressive the break will be. The stochastic indicator and the AUDUSD price have moved in the opposite directions over theRead More

AUDUSD Weekly Forex Forecast - 13th to 17th Feb 2017

AUDUSD Weekly Forex Forecast – 13th to 17th Feb 2017

Last week saw AUDUSD trading inside a very narrow trading range between 0.7690 resistance level and support level 0.7600. This price congestion has sent the stochastic indicator in oversold territory, so it’s possible to see one more attempt to break above 0.7696 last swing high before the sellers to showRead More

AUDUSD Weekly Forex Forecast - 6th to 10th Feb 2017

AUDUSD Weekly Forex Forecast – 6th to 10th Feb 2017

The AUDUSD technical pattern is in a bullish sequence since the beginning of the year, however the rally has run too fast in a very short period of time. Several technical indicators suggest the AUDUSD is in overbought territory in multiple time frames. What gives us confidence that we’re aboutRead More

AUDUSD Weekly Forex Forecast - 30th Jan to 3rd Feb 2017

AUDUSD Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

The AUDUSD technical pattern is signaling a major reversal unfolding. We can spot a massive bearish divergence between the price and the stochastic indicator. For confirmation, we need a break below 0.7525 but more important a break and a daily close below the 0.7500 big psychological number. To the upsideRead More

AUDUSD Weekly Forex Forecast - 23rd to 27th Jan 2017

AUDUSD Weekly Forex Forecast – 23rd to 27th Jan 2017

The Australian dollar is among the best performing G10 currency posting three consecutive weekly bullish candles. We have close above the 0.7500 big psychological number, but more importantly, we’ve close above 0.7525 swing high. However, at the same time, we can spot a massive bearish divergence between the price andRead More

AUDUSD Weekly Forex Forecast - 16th to 20th Jan 2017

AUDUSD Weekly Forex Forecast – 16th to 20th Jan 2017

The AUDUSD rally was more due to the dollar weakness than strength in the Australian Dollar. Last week inability to produce a close above the 0.7500 big psychological number is indicating that sooner rather than later we can expect a retracement. To the downside, we can expect AUDUSD to findRead More

AUDUSD Weekly Forex Forecast - 9th to 13th Jan 2017

AUDUSD Weekly Forex Forecast – 9th to 13th Jan 2017

The AUDUSD technical pattern remains stuck in a wider consolidation area but last week rally still looks corrective in nature and we can expect the AUDUSD to try to fill in the last week range. We can’t rule out the possibility of a false breakout above last week high 0.7356Read More

AUDUSD Weekly Forex Forecast - 2nd to 6th Jan 2017

AUDUSD Weekly Forex Forecast – 2nd to 6th Jan 2017

The double bottom pattern established near the 0.7160 support level is indicative of a pause in the AUDUSD bearish trend. Also the stochastic indicator is showing a build up in bullish momentum which can sent AUDUSD to retest 0.7270, while a break and a close above this level will exposeRead More

AUDUSD Weekly Forex Forecast - 26th to 30th Dec 2016

AUDUSD Weekly Forex Forecast – 26th to 30th Dec 2016

The AUDUSD sell off has gone too fast in a very short period of time but, it was all due to the broad based dollar strength rather than the Aussie weakness. The 0.7144 swing low level and May’s low remains the next big hurdle for the AUDUSD and more likelyRead More

AUDUSD Weekly Forex Forecast - 5th to 9th Dec 2016

AUDUSD Weekly Forex Forecast – 19th to 23rd Dec 2016

The AUDUSD continued to follow its bearish path as last we managed to make a conclusive new low below 0.7310. Going forward we should expect a bounce but we should expect any rally to be limited. From a technical perspective we have the first major level of resistance at 0.7385Read More